Jim Cramer lauds Blackstone Inc. (BX)'s powerful moves in the data sector. BX's short-interest has fallen by 5.4% signifying an increasingly positive investor sentiment. Their PS ratio settles at 14.14 suggesting decent valuation. With the Q4 2024 earnings report releasing soon, market specialists hint at good prospects. Prominent acquisitions like the A$24B AirTrunk deal, private credit-focused Brigade with $300M, and Czech warehouse owner CT Real Estate are noteworthy. BX's interest in securitization related to Jersey Mike's buyout is undergoing evaluation. The stock surged amid news of acquisitions and an upbeat market outlook, crossing the 200-day moving average. Shareholder value creation, dividend increase, expected solid profit from exiting deals and a projected healthy Q3 performance mark BX's solid progress. Analyses by Hedge Funds label BX as one of the best asset management and aggressive growth stocks. On noteworthy moves, BX completes majority-stake acquisition of Tokyo Garden Terrace, marking Japan's largest ever real estate investment by a foreign entity. BX also tries to scale their credit business. Q3 earnings pleased investors, riding on record fee-earning AUM. BX's presence in private credit, CLOs, infrastructure finance and AUM growth reflects a diversified growth strategy. However, insiders disposing stock triggered bearish signals.
Blackstone BX News Analytics from Wed, 20 Mar 2024 20:34:54 GMT to Fri, 03 Jan 2025 20:36:58 GMT - Rating 8 - Innovation 4 - Information 7 - Rumor -5
